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20131101
20131130
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CNBC 19
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English 19
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CNBC
Nov 7, 2013 1:00pm EST
in here for one second. i know you don't have a mike. glen's the guy, the designated market maker. he opened the stock this morning. it was a flawless debut. congratulations. >> thank you. >> we're going to be all over twitter throughout this hour. but there's also another big story that we're talking about. ty mentioned it. it's that upside surprise. and it was a big one in gdp. basically, it's the best we've seen since the third quarter of 2012. and that was a big upside surprise. we're going to talk about that. economists were looking for about 2% on the trading session. so ty, i'm going to send it back up to you. but that is one of the reasons that we saw the bond markets sell off this morning a little bit. it's come back now. but that number really blew everybody out of the water. >> it really did. we want to talk more now about gdp, europe's surprises and your money. michelle and steve are here. let's start with that surprisingly robust gdp number. take us below the headline. >> okay. so where we have the strength was in housing, up 14% and change. we had strength in durable goo
CNBC
Nov 21, 2013 1:00pm EST
of the day. that does it for us. don't forget, we'll be back here at robin hood with more special guests. "power lunch" begins now. >>> and we welcome you to "power lunch." i'm sue herera along with tyler mathisen. you're looking at a live shot of the airport in wichita, kansas. that is where a boeing dreamlifter cargo jet landed late yesterday. the only problem, it was supposed to land at mcconnell air force base some 12 miles away. we expect it to take off any time now. phil lebeau has been following the story, and he joins us live from chicago. phil, first of all, how did this happen? and second of all, this is a much shorter strip than mcconnell has. how's this going to work? >> reporter: let's start first with taking off and the shorter runway. the runway at jabara airport is about 6,100 feet long. typically a 747 modified like this would have a ruppway of at least 9,100 feet, a 3,000-foot difference. they're not going to take off until all parties sign off. authorities say yes, we believe we have enough room for taking off. that's the takeoff we may see relatively soon. as for how
CNBC
Nov 1, 2013 1:00pm EDT
but they escorted -- after they found i wasn't a suspect they let me up, took the cuffs off and ran us into i don't know what terminal but a different terminal and locked it down i guess and now we're just sitting in here, you know, i'm with a bunch of other passengers. >> they caught the guy. >> they caught the guy? somebody in security said they caught him. >> somebody with security, with the tsa, lapd? >> it looked just like an airport employee, maybe tsa, i don't know. there's no police in here right now. they said they caught somebody. >> you never got a good description of the shooter, right? >> i didn't actually see the shooter. i could see sort of flashes or smoke. he was like obscured behind, because i was up on the mezzanine looking down and he was down in the lower area and i couldn't really -- i didn't actually see the person. >> did you see other people being detained who might have been running for cover like you were? >> a couple other guys who ran out onto the tarmac got the same and we were all herded off the tarmac along with all the employees, you know, the guys who secure the
CNBC
Nov 14, 2013 1:00pm EST
this year. i'm wondering what your thoughts are, and what happens with the stocks? >> i don't think anything he said is a surprise. you have to expect the blame game comes out of washington on both sides. this is a mitigated disaster. the insurance companies budget at least a year in advance. so they're a little offsides in the budgets. at the end of the day, i don't think it matters. maybe you see them reset expectations next quarter or pre-announce, in terms of reduced expectations, but you still need to be in a group that continues to grow, whether the economy is growing or not growing, so i like it. more importantly, what this did was, it sort of casted yellen in a shadow, and that was by far, to me, the more important conversation today, what she was saying. >> well, yellen certainly has had somewhat of an impact on the overall market today by virtue of taking what most people expected was a more dovish stance on fed policy, that the market is holding up in that realm. stephanie link, what are your thoughts on the health care stocks? a lot of the insurance stocks ran up in anticipation
CNBC
Nov 27, 2013 1:00pm EST
is conditioned for taper after last summer. i don't see a painless extraction is possible. the fed has this terminal rate problem. >> say there. we'll get more from you on the other side of the trade in about four minutes from now. up to you. >> been waiting all day for this segment, patiently waiting, arrived hours before, meeting you, john fortt. there are more and more voices out in silicon valley where john used to hang out, piping up, piping up saying beware of the lessons learned in 1999. he covers fortt, muoney behind t all. is that what you're hearing? are people saying man this is feeling like 1999 again? >> not that exactly but people are looking at the calendar and wallets because things have been going really well on a number of fronts. but at the same time you have snapshot as "the new york times" mentioned turning down multibillion dollar offers. that doesn't seem crazy in light of instagram, if they hadn't sold to facebook they would probably still be turning down multibillion dollar offers to. >> to john harwood for breaking news regarding obama care. john? >> tyler, th
CNBC
Nov 26, 2013 1:00pm EST
or in a car. when should you leave? i think i'm going to go right now. if you don't mind, get a jump on this thing. what's the timing, will it be rain or snow and where? it's a big storm. weather channel standing by. byod, bring your own device. is your company about to say bye-bye to the blackberry and when they do, what's going to happen to you? the growing trend is on our radar today. companies saying you supply the device, we'll support it. entrepreneur of the year, according to "inc" magazine, a big contest and they are going to make the adjustment right here on "power lunch" in this hour. you're going to want to hear about this young person and what he's doing to change a field that we're all going to use over the next few years. first, though, to sue at the nyse. >> can't wait, ty. good to see you. the weather is turning pretty rough outside of the nyse at this hour. if the dow closes above 16,072 it will be another record close and looks like we're heading in that direction. in 12 months the dow is up 24%. right now it's up 20 points at 16,093. take a look at the nasdaq, well
CNBC
Nov 12, 2013 1:00pm EST
as a result. we don't have that certainty right now. i think all it takes is one surprise like that on the geopolitical front in the market. >> addison, i agree with du. >> short sounds like a drink at starbucks to me. >> really good cocktail. >> that's nothing. that's nothing. addison, you have a great point. in the event we see iran come to some resolution, you will see a quick, fast 10% drop in the price of crude. we like this etf here in the windy city, ty. >> well, i would agree that you definitely see if there is a resolution in iran, a real concrete resolution, then i think you do see a nice 10% drop. >> jeff, what if, indeed, things do change, though, as adson suggests? how would you play oil on the long side? >> well, again, we flip our position and go long and uso is the etf folks can get in there. we like these features, keeping stops, controlling our risk. we saw syria, libya, iran, it's really gone to the background so right now, it looks like prices want to continue to go lower. test that 20% bear correction territory. $88. >> all right. gentlemen, thank you very
CNBC
Nov 8, 2013 1:00pm EST
that was due to claims filed by furloughed federal workers. don't forget, the federal government was shut down for 16 days. today's job report showed some upward revisions, 45,000 extra jobs in august, 15,000 more in september. hampton pearson found one company where they're doing hiring in the great city of baltimore. hi, hampton. >> hi, sue. today's jobs report with a headline number of 212,000 jobs added to the private sector payrolls in october in spite of the government shutdown is an example of the resilience of the american company economy one business at a time. we spent time with a baltimore based business that has been on fire, fireline, has 160 employees, annual revenues around $20 comillion, serve and install every fire protection device you can imagine for commercial businesses. a growth plan that began more than a decade ago is paying off and the president of the family business, her grandfather founded back in 1947, and yes, they're hiring more workers. >> the hiring that we're seeing, we're hiring designers, we're hiring technicians and then what happens eventually is you end u
CNBC
Nov 11, 2013 1:00pm EST
way to do it. as long as it's logged, messages are logged legally for three years, i don't see what the problem is. >> weigh in on this, if you would, jeff, do you use the chat rooms at all? >> we do. it's a critical tool in our communication as well as other portfolio managers. it's unfortunate sue to put it into chicago terms, a few scumbags in the business are taking away a great tool. it's not going to eliminate people. cheaters will always be cheaters, find another platform, another media to front run orders. this is a critical tool we need as portfolio managers, talking to our clients and it being taken away causes a problem. bob hit the head on the nail. it's cumbersome to call someone. you need that five to ten second text and you have your information disseminated. >> thanks so much. appreciate it very much. >> let's go to dominic chu. he's flashed over to the market flash desk and he's got a market flash for us. >> apple coming off its lows of the session so far after cnbc scott wapner was told by carl icahn he had another good conversation with apple's ceo tim cook about
CNBC
Nov 25, 2013 1:00pm EST
of cold, there are some -- look at that, i don't know what that it is but looks bad. snow, of course. that would be cold. major headaches expected for travelers as we head towards that thanksgiving holiday. big winter storm stretching from the southwest to the eastern seaboard. it will be coming up the west as i show you there. we'll track it first to sue at the new york stock exchange. >> clear sailing down here but we're watching shares of walmart, the biggest retailer announcing a ceo shakeup. the timing is raising questions as we head into the crucial hol kay season. walmart shares are up about two-thirds of a percent, the stock up 17% this year lagging the market. courtney reagan here with the retail detail. >> good afternoon, sue. while walmart didn't allude to the fact that a transition was actively in the works neither the choice of mick million as the incoming ceo or the timing is surprising. doug mcmillon is the ceo of walmart international. known more as a merchant with international expertise where mike duke is regarded for his expertise in logistics. walmart says his dec
CNBC
Nov 15, 2013 1:00pm EST
news i don't see that coming that larry mentioned. >> trader mentality in both discussion and what bob just said the fact of the matter is the stock market as a whole has been inflated and held up by the fed. can question is has the fed done the job sufficient to backstop the economy and continue while professional traders like can you identify, low i've been in this business 30 years, you look for a correction but you have that reticent of a market that climbed the way it has. >> cramer is in the popular camp that says the fed will stop easing once the economy is better and that will give rise to the stock market even further. what if fed policy driven for five years time actually suspect as effective as we want it to be. >> can we -- the treasurey market did not work effectively. their own fed studies pointed out it didn't work. that being said, the fed missed its opportunity to taper the first time. been forced to back track. fact of the matter that's going to happen and rising interest rates are an indication of something good. >> it is indicating of something good but yet i still
CNBC
Nov 5, 2013 1:00pm EST
on. why don't we see the great rotation. we're seeing modest outflows from bond funds but it's been modest. there is no avalanche. a lot of that money goes into -- >> which a lot worry -- >> sits? money funds before stocks. we've had inflows in stocks. given the outflows we had in the prior four years i don't think it's an avalanche. i would like a bigger rotation. who believes that treasures have a lot of room to move? look what happened in may and june. >> right. >> we dropped 4% and a lot of bond funds yielding 1% a year. who doesn't notice that? >> i think there's a sense of nervousness. the market has had this great move this year and people are saying, we're up 24%. what's going to happen? come in, go out. they're cautious, right? that's why they go from bonds to money market until they get the guts to say here i come. >> there are also a lot of people out there that i talked to just, you know, when i come down here to the stock exchange when we talk outside, they really feel as though the market is being supported primarily by the fed. >> right. >> and if we're at the latter
CNBC
Nov 13, 2013 1:00pm EST
america" on abc. abc news says her first name is adriana. we don't know her last name. and this is the first time the country has heard from her and she was not happy. >> we signed the release that said it was possibly going to be used for material for promoting the health care, which i didn't know it was going to have a negative impact. >> dubbed glitch girl, the most despised face on the planet. did you ever anticipate this type of publicity, scrutiny? >> no. it's bullying. >> it is bullying. >> but at the same time, you know, i thought i had to do this for my child. i'm here to stand up for myself and defend myself. >> according to abc news, adriana is not a u.s. citizen, interestingly, but is eligible for obama care because of her permanent residency status. she says she was not paid for the picture by the government. cnbc.com's dan mangan is here now. what can you tell us about this interesting woman who is understandably quite upset with what has happened. >> very upset, the face of the failure of healthcare.gov and this is kind of a sad or funny story depending
CNBC
Nov 19, 2013 1:00pm EST
. >> you don't have anybody to thank. that's too bad. steve weiss long. >> pete? >> buy citi and bank of america. >> i would take a shot of cpb. >> i like franks international oil service. "power" starts now. >> "halftime" is over. "power lunch" and the second half of the trading day starts right now. >> all right. scott, thank you very much. jpmorgan expected to settle any minute now really with the government to the tune of some $13 billion. has it put the worst behind it or not? is it time to buy jpmorgan stock or look to other financials? we're going to take a look at that whole sector and see where you might best make some money now. tesla is under fire, yes fire, as the government begins an investigation surprisingly, the stock is up today. selling off rather sharply in the last three or four weeks. we will tell you if the inquiry will put a dent into tesla's sales. you may be surprised on that one. strong quarter for home depot, boosted by a resurgent home remolding sector. is the stock, a buy, sell or a hold. old-school debate coming up. first let's check in with sue at the ne
CNBC
Nov 6, 2013 1:00pm EST
after that or not? >> that's a good question, sue. i unequivocally i don't think we're going to repeat in 2014 what we saw in 2013. so positioning year ahead you have to be selective. we're looking at the industrial materials, information technology, some of these companies more leveraged to global growth because we see that picking up. next year you have to be much more selective. >> joe, we're all excited down here, bob pisani, by the way, twitter will be trading tomorrow right at the post behind us and the market is excited and aflutter about the whole thing. your thought on the markets and ipo business right now? what do you think of twitter and the broader ipo market right now? >> i mean, bob, as you've been reporting the ipo this week alone is pretty robust. to me that's a sign of confidence. companies are coming forward, investors biting. it doesn't mean a market top. it doesn't mean we're going to see anything negative on the outside. but i do think it's emblematic of more confidence, global growth, the u.s. economy picking up and if we don't get any problems out of washington
CNBC
Nov 20, 2013 1:00pm EST
, that's why you're saying, maybe don't short the market, you wouldn't recommend shorting, but if you need to do something, you want to buy the bottomed out stocks. what would those be? >> the biggest bottomed out area is the commodity space. no one wants them, no one cares for them, whether agriculture, precious metals and that's the area i would be looking at. in the buy low, sell high mentality because everything else is so far extend and so very expensive that's the only area that i find attractive on the long side. >> all right. where do you expect interest rates to go? we heard from robert that even with the fed being accommodative, that maybe 3, 3.25%, does that gel with what you're looking for some. >> yes. because i see it over the next year interest rates getting to where nom nall gdp is which could be norm of 3.5%. the problem i have we have an economy that's med katsds on low interest rates. 3.5% ten-year yield i don't think the u.s. economy can handle it and do damage to the u.s. economy if we get there. >> you get the final word, robert. where would you put money to work
CNBC
Nov 18, 2013 1:00pm EST
, for the investor who has a strategic allocated portfolio, and most people don't, they don't have plan to do this, but for those that do who are three to five years away from possibly needing that capital, they need to think of selling the beloved and buying the loathed and those are things that most people aren't talking about, such as commodities. and also, international. emerging markets, specifically greater europe, and there's easy ways to play that market out. >> how would you? >> etfs in the greater europe when it comes to emerging markets, dollar weighted equal shares so like a russell 1,000 equivalent where you're having equal weight in each sector. >> you also have in the past talked to us about the tax-free advantages of going into different parts of the market. if someone is close to retirement, needs the income but isn't getting it from equities how would you -- and still want to be long in the market in essence how would you advise them? >> two things. number one you can own mupenies. for the top tax bracket investor 8 to 8.5% equivalent. >> we'll talk about munis in a few moments.
CNBC
Nov 4, 2013 1:00pm EST
and this is a straight plea. yeah. . >> i don't remember the answer to the last question. i'll refer to the document. where does the money go? the united states treasury and depending on what proceedings happen and claims made it will be distributed thereafter. it all goes to the same place. yeah. it is used in the same way all money forfeited in all criminal penalties, in that same fund. yeah. >> [ inaudible ]. >> you're asking multiple questions, but what i made clear in the remarks and what the companies have made clear, is that obviously there are money -- there's money that exists in accounts in corporations and sometimes they're bound up in securities and sometimes they're held in part in cash and the companies have made clear wherever it is coming from it is not coming from the holdings held by outside investors in those funds and you can draw your conclusion as to what that means then. yeah. >> [ inaudible ]. >> the first thing is, these are proposed agreements between us and the sac entities. they still have to be approved by the court. and so nothing is triggered until an approval by the c
CNBC
Nov 22, 2013 1:00pm EST
. shallow it may be. some pullback is coming. >> i don't know how respond to the tryptophan thing. we've had 40 in a row, why not 41. >> 40 is a nice round number. >> there you go. weigh in. >> listen, jim, one thing. i actually do think that tapering is going to be perceived as tightening. i don't think the fed is going to be able to convince the market that tapering is not tightening and that's going to be the real key to see how the market reacts. >> that's a key point. honestly, sue, if you see the long end of the curve like jimmy saying, get a little going, the momentum, stocks have to cool off. we saw what happened in june. maybe the fed, maybe they're being smart. i'm not going to give them credit yet. maybe they let that rate go up and bring the stocks down a little bit. >> all right. thank you all very much. appreciate it. ty, up to you. >> all right. day two of the robinhood investors conference in new york city where some of the biggest names have been meeting and talking, scott with wapner is there with ap wrap-up or not, or not. i'm telling you it's been a good conference and sc
Search Results 0 to 18 of about 19